EvanJones

Natural Gas Looks to head back North

Long
FX:NGAS   Natural Gas (Henry Hub)
4
NatGas has recently retrace back into the channel it had formed as part of a corrective phase when observing the weekly/monthly timeframes. Recently, it looked as if it would resume however shortfalls in supply to demand have driven price up accordingly. Expect a small retracement soon and the channel to be obeyed as part of a supportive channel in the coming weeks.

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